Why Use An Insurance Broker?

Why Use An Insurance Broker?

When it comes to getting the best insurance policy for you, you’re always better off using an insurance broker.  With the television swamped with meerkats and dancing robots advertising price comparison sites, it is not surprising that so many people look to comparison sites for what purports to be the cheapest insurance.  But as the name suggests, price comparison sites are often, for legal and practical reasons, one dimensional in the result they give.  Consequently, the insurance policies you’ll be shown are often generic and are effectively a one-size-fits-all solution.  However, getting the right insurance for you is dependent on your exact individual circumstances, with the devil being in the detail.  For this reason alone it is always better to use a broker when getting your insurances.


Insurance Brokers – The Human Touch


As we get older, our insurance needs inevitably become more complex.  Health and housing insurance becomes more important, motoring policies are open to a greater range of benefits and risks and dependents, such as children, create further complications.  A broker can provide you with the quality of cover that you need and make potential savings through their knowledge of the market.


Insurance Brokers – Giving You Advice, Saving You Money


Some people think that insurance brokers are just for people with little time or exceptional insurance circumstances.  But if you’re thinking of buying an insurance policy for something you don’t know much about or insuring something unusual, an expert in the market such as an insurance broker can often find you better cover at a great price.


Unlike comparison sites, a broker’s specialist expertise can give you the right product for your individual needs.  For example, insurers won’t always offer you every type of cover when you go direct nor tell you if you’re already covered by any existing policies you may have.


Brokers can also be more flexible on price than comparison sites.  If you require specialist insurance, such as income protection or critical illness, then you will undoubtedly need a specialist provider.  These kinds of products are not widely available on comparison sites because they have to be tailored to your specific circumstances and lifestyle.  Equally, if you need special insurance cover for something like a high-value antique or a collection of paintings, an insurance broker will know where to go to find you the cover you need.


Insurance: The Proof of the Cover is in the Claiming


There is an old saying in the insurance industry that ‘insurance is only as good as your claims experience,’ and it’s here more than anywhere else that a broker can really add value.  In the event of a claim, your broker may speak to loss adjustors and claims departments and do as much as possible for you, so you don’t have the hassle and worry at a time which is often stressful.  Now I’d like to see a talking meerkat or a dancing robot do that!

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